Business Services Industry
Cascade Bank stock splits 5 for 4.(The buzz: tips, rumors & miscellaneous pieces of business information)(Cascade Financial Corp.)(Brief Article)
Everett Business Journal, January, 2004
Stock of Cascade Financial Corp., the parent company of Everett-based Cascade Bank, split 5-to-4, effective Dec. 19.
The stock split is being offered in lieu of a cash dividend. Stockholders will receive 25 additional shares for every 100 shares owned. A cash payment will be offered for fractional sales.
The move will add 1.7 million shares of stock, bringing the number of Cascade shares to 8.3 million.
In October, the bank reported its twelfth consecutive quarterly profit
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